Global Composite Pipes Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
14mm, 26mm, 63mm, and Others.By Manufacturing Process;
Filament wound and Rotary Casting.By Application;
Food Processing, Chemical Processing, Petrol/Diesel/Kerosene, Air Conditioning, Natural Gas Distribution, Insecticides Spraying, Submersible piping, Radiator Central Heating, Vacuum Systems, and Others.By Industry Vertical;
Oil & Gas Industry, Construction Industry, Agriculture Industry, Food & Beverages, Chemical Industry, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Composite Pipes Market (USD Million), 2021 - 2031
In the year 2024, the Global Composite Pipes Market was valued at USD 2,555.41 million. The size of this market is expected to increase to USD 3,791.93 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.
The Global Composite Pipes Market is witnessing significant growth due to the increasing demand for lightweight, durable, and corrosion-resistant piping solutions across various industries. Composite pipes, made from a combination of materials such as polymers, fibers, and resins, offer superior performance characteristics compared to traditional metal or plastic pipes. They are extensively used in applications including oil and gas, water treatment, chemical processing, and construction due to their high strength, flexibility, and resistance to chemical and environmental degradation. The market is also driven by the growing focus on sustainability and the need for efficient infrastructure solutions in both developed and emerging economies.
Technological advancements in composite materials and manufacturing processes are further propelling the market growth. Innovations such as advanced filament winding, automated production techniques, and the development of new composite materials are enhancing the performance and cost-effectiveness of composite pipes. Additionally, the increasing investments in infrastructure development, particularly in regions like Asia-Pacific and the Middle East, are creating significant opportunities for market expansion. As industries continue to prioritize efficiency, durability, and environmental impact, the adoption of composite pipes is expected to rise, driving the overall market growth.
Global Composite Pipes Market Recent Developments
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In January 2021, Baker Hughes launched its new advanced onshore composite flexible pipe to address the corrosion challenges with conventional steel pipes for oil and gas, energy, and industrial sectors.
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According to the report by India Brand Equity Foundation, the Indian residential sector is expected to grow significantly as the central government announced to build 20 million affordable houses across the country by 2022. Such massive development in the construction industry will stimulate the demand for composite pipes which will contribute to the growth of the market in the forecast period.
Segment Analysis
The Global Composite Pipes Market is segmented by type, including 14mm, 26mm, 63mm, and other sizes. The selection of pipe size depends on the specific requirements of the application, such as fluid flow rate, pressure, and installation constraints. The 14mm size is typically used for smaller systems in residential or commercial applications, while the 26mm and 63mm sizes are more commonly employed in larger-scale systems, including industrial and infrastructure projects. Other sizes cater to specialized needs in various industries, offering flexibility for custom projects that require tailored solutions. These sizes ensure that composite pipes meet diverse needs for fluid transport, from small-scale residential systems to large industrial pipelines.
The market is also segmented by manufacturing process, with two primary methods: filament winding and rotary casting. Filament winding is a widely used technique where resin-saturated fibers are wound onto a mandrel to create strong, durable composite pipes with a high strength-to-weight ratio. This process is particularly effective for producing pipes used in high-pressure and high-stress environments, such as in the oil and gas industry. Rotary casting, on the other hand, involves the rotation of a mold to produce composite pipes with uniform thickness and strength. This method is often used for creating pipes for lower-pressure applications and is suitable for large-volume production, offering cost-efficiency for applications in construction and agriculture.
The composite pipes market also finds applications across various industries, including food processing, chemical processing, petrol/diesel/kerosene transport, air conditioning, and natural gas distribution. In the food processing sector, composite pipes are used for transferring liquids without affecting product quality, while in chemical processing, they offer corrosion resistance for transporting aggressive chemicals. For petrol, diesel, and kerosene transport, composite pipes ensure safer and more efficient delivery. The growing demand for natural gas distribution systems also drives the use of composite pipes, as they offer lightweight, durable solutions with resistance to leaks and corrosion. In addition to these applications, composite pipes are used for insecticide spraying, submersible piping, radiator central heating, and vacuum systems, making them versatile in industries ranging from agriculture to aerospace. The market is also influenced by various industry verticals, such as oil & gas, construction, agriculture, food & beverages, and chemicals, each of which benefits from the unique properties of composite pipes, including their strength, flexibility, and resistance to harsh environmental conditions.
Global Composite Pipes Segment Analysis
In this report, the Global Composite Pipes Market has been segmented by Type, Manufacturing Process, Application, Industry Vertical, and Geography.
Global Composite Pipes Market, Segmentation by Type
The Global Composite Pipes Market has been segmented by type into 14mm, 26mm, 63mm, and Others.
This segmentation allows for a detailed analysis of the market based on pipe diameter, which is a critical factor in determining the suitability of composite pipes for various applications across different industries.
14mm composite pipes are typically used in applications where space constraints and flexibility are crucial. These pipes are ideal for residential plumbing systems, underfloor heating, and other applications requiring easy maneuverability and installation in tight spaces. Their smaller diameter makes them suitable for low to medium pressure applications, offering a balance between performance and cost-effectiveness.
26mm and 63mm composite pipes cater to a broader range of industrial and commercial applications. The 26mm pipes are often used in larger residential and light commercial plumbing systems, providing greater capacity and durability than smaller diameters. The 63mm pipes, on the other hand, are designed for high-pressure applications in industries such as oil and gas, chemical processing, and large-scale water supply systems. These larger diameter pipes offer enhanced flow rates and structural integrity, making them suitable for demanding environments. The "Others" category includes custom and specialized diameters that cater to specific industry needs, reflecting the market's versatility and ability to meet diverse application requirements.
Global Composite Pipes Market, Segmentation by Manufacturing Process
The Global Composite Pipes Market is segmented by manufacturing process into Filament Wound and Rotary Casting.
The Global Composite Pipes Market is segmented by manufacturing process into Filament Wound and Rotary Casting, each offering unique benefits tailored to specific industry needs. Filament winding involves winding continuous fibers impregnated with resin around a rotating mandrel. This method is highly regarded for producing pipes with exceptional strength and durability, making it ideal for high-pressure applications such as in the oil and gas industry, aerospace, and chemical processing. The precise control over fiber placement and resin distribution during filament winding ensures uniformity and enhanced mechanical properties of the composite pipes.
Rotary casting, on the other hand, involves pouring resin and reinforcement materials into a rotating mold, allowing centrifugal force to distribute the materials evenly along the mold’s walls. This process is advantageous for creating pipes with consistent wall thickness and smooth internal and external surfaces. Rotary casting is often preferred for producing large-diameter pipes used in water and sewage systems, industrial drainage, and other applications where corrosion resistance and ease of installation are critical. The process's efficiency and ability to produce complex shapes and sizes also contribute to its popularity in various industrial applications.
The choice between filament winding and rotary casting depends largely on the specific requirements of the end-use application, such as pressure tolerance, structural integrity, and environmental resistance. Both manufacturing processes provide flexibility and performance benefits, enabling the production of composite pipes that meet diverse operational demands across different industries. As technological advancements continue to enhance these manufacturing techniques, the composite pipes market is expected to see increased adoption and innovation, driving growth and expanding application possibilities.
Global Composite Pipes Market, Segmentation by Application
The Global Composite Pipes Market is segmented by Application into Food Processing, Chemical Processing, Petrol/Diesel/Kerosene, Air Conditioning, Natural Gas Distribution, Insecticides Spraying, Submersible piping, Radiator Central Heating, Vacuum Systems, and Others.
The Global Composite Pipes Market is segmented by application, with a diverse range of industries driving demand for composite pipes. In the food processing and chemical processing industries, composite pipes are increasingly used due to their corrosion resistance, durability, and ability to handle extreme temperatures and pressures. These properties make composite pipes ideal for transferring various fluids and chemicals safely, reducing the risk of contamination and maintenance costs. In food processing, composite pipes are essential for transporting liquids and gases without affecting the integrity of the product, while in chemical processing, they provide reliable, long-lasting solutions for corrosive and high-pressure applications.
Another key segment of the composite pipes market includes applications in petrol, diesel, and kerosene distribution. Composite pipes are preferred in the transportation of these fuels due to their resistance to corrosion, reduced weight compared to traditional steel pipes, and enhanced safety features. Additionally, composite pipes are utilized in air conditioning and natural gas distribution systems. In air conditioning systems, they help in managing refrigerants and ensuring efficient heat transfer, while in natural gas distribution, composite pipes provide a lightweight, flexible, and durable solution for transporting gas across long distances, minimizing the risk of leakage and environmental impact.
The composite pipes market also serves a wide range of other applications, including insecticide spraying, submersible piping, radiator central heating, and vacuum systems. In insecticide spraying, composite pipes are used for their resistance to chemicals and ability to withstand pressure. Submersible piping benefits from the strength and corrosion resistance of composite pipes in underwater applications, providing reliable performance in marine environments. For radiator central heating systems, composite pipes are used to transport hot water efficiently and reliably. Vacuum systems, which require materials with excellent strength-to-weight ratios and durability, also utilize composite pipes. These various applications highlight the versatility of composite pipes across industries, driven by their durability, corrosion resistance, and ability to handle challenging conditions.
Global Composite Pipes Market, Segmentation by Industry Vertical
The Global Composite Pipes Market is segmented by Industry Vertical Oil & Gas Industry, Construction Industry, Agriculture Industry, Food & Beverages, Chemical Industry, and Others.
The Global Composite Pipes Market is segmented by industry vertical, with the oil & gas industry being a major contributor. Composite pipes are increasingly used in this sector due to their excellent resistance to corrosion, high pressure, and extreme temperatures, which are essential characteristics for pipelines in offshore and onshore operations. Composite pipes offer a lightweight alternative to traditional metal pipes, reducing transportation and installation costs. Additionally, their ability to withstand aggressive chemicals and harsh environmental conditions makes them ideal for transporting oil, gas, and other fluids in challenging environments, contributing to improved safety and lower maintenance costs.
The construction industry is another significant vertical in the composite pipes market. Composite pipes are gaining popularity in building infrastructure due to their lightweight, durability, and ease of installation. These pipes are used for various applications, such as water supply systems, drainage, and HVAC systems, where their resistance to corrosion, chemical exposure, and UV degradation is highly valued. Composite pipes also offer energy-efficient solutions, which aligns with the growing trend towards sustainable construction practices. Their versatility makes them suitable for both residential and commercial projects, driving demand in this sector.
In the agriculture, food & beverages, and chemical industries, composite pipes are utilized for their strength, resistance to chemicals, and ability to handle high-pressure applications. In agriculture, composite pipes are commonly used for irrigation systems, offering durability and resistance to weathering, which reduces the need for frequent replacements. In the food and beverages industry, composite pipes ensure safe and hygienic transport of liquids, providing non-reactive surfaces that maintain the integrity of the product. The chemical industry relies on composite pipes for transporting hazardous chemicals, as these pipes provide enhanced safety by preventing leaks and corrosion. The "others" category encompasses sectors such as pharmaceuticals, automotive, and mining, where composite pipes are used for specialized applications requiring resistance to extreme conditions, making them a versatile solution across diverse industry verticals.
Global Composite Pipes Market, Segmentation by Geography
In this report, the Global Composite Pipes Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Composite Pipes Market Share (%), by Geographical Region, 2024
The Global Composite Pipes Market is segmented geographically into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, each presenting distinct opportunities and challenges. North America is a major market due to its advanced infrastructure projects and substantial investments in oil and gas, aerospace, and industrial sectors. The region's focus on innovative materials and sustainable solutions drives the demand for composite pipes, supported by ongoing infrastructure upgrades and regulatory standards.
Europe also represents a significant market, driven by stringent environmental regulations and a strong emphasis on technological advancements in various industries, including water treatment and industrial applications. Countries like Germany, France, and the United Kingdom are leading the adoption of composite pipes due to their focus on enhancing infrastructure resilience and reducing maintenance costs. The European market benefits from a mature industry environment and substantial research and development activities.
In the Asia-Pacific region, rapid industrialization, urbanization, and infrastructure development are major drivers of the composite pipes market. Countries such as China, India, and Japan are investing heavily in modernizing their infrastructure and expanding industrial capabilities, leading to increased demand for high-performance composite pipes. Latin America and the Middle East & Africa are emerging markets with growing interest in composite materials due to infrastructural developments and industrial applications, presenting new growth opportunities for the market. These regions are expected to see significant growth as they enhance their infrastructure and adopt advanced materials for various applications.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Composite Pipes Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing Industrial Applications
- Lightweight and Durable
- Corrosion Resistance Benefits
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Infrastructure Development Boost: Infrastructure development is a key driver for the growth of the global composite pipes market. As governments and private sectors invest heavily in modernizing and expanding infrastructure, the demand for advanced piping solutions increases. Composite pipes, known for their durability, lightweight nature, and corrosion resistance, are becoming the preferred choice for various applications such as water supply, sewage systems, and oil and gas transportation. These pipes not only enhance the longevity and reliability of infrastructure projects but also contribute to reducing maintenance costs and downtime, making them an attractive option for large-scale developments.
In regions like Asia-Pacific and the Middle East, where rapid urbanization and industrialization are prevalent, the need for efficient and sustainable infrastructure is paramount. These regions are witnessing substantial investments in smart cities, water management systems, and energy sectors, all of which require high-performance piping solutions. Composite pipes, with their ability to withstand harsh environmental conditions and high pressures, are ideally suited for these demanding applications. As a result, the infrastructure development boom in these regions is creating significant opportunities for the composite pipes market, driving innovation and expansion across the industry.
Restraints
- High Initial Costs
- Technical Skill Requirements
- Limited Awareness Globally
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Raw Material Price Volatility: Raw material price volatility poses a significant challenge to the global composite pipes market. The production of composite pipes relies heavily on materials such as polymers, resins, and various fibers, whose prices can fluctuate due to factors like supply chain disruptions, geopolitical tensions, and changes in demand. Such volatility can impact the cost structure of composite pipe manufacturers, leading to unpredictable pricing and potential margin pressures. For businesses operating in this market, managing these cost variations becomes critical to maintaining competitiveness and profitability.
Fluctuating raw material prices can deter potential customers from committing to large-scale projects or long-term contracts, due to uncertainties in project budgeting and cost control. This can slow down market growth, particularly in price-sensitive regions or industries. Manufacturers may need to explore strategies such as forward purchasing, diversifying their supplier base, and investing in material innovation to mitigate the impact of price volatility. These efforts can help stabilize production costs and offer more predictable pricing to their customers, thereby fostering market growth despite raw material price fluctuations.
Opportunities
- Emerging Markets Expansion
- Technological Advancements Innovations
- Green Building Initiatives
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Customized Composite Solutions: The demand for customized composite solutions is increasingly driving innovation and growth in the global composite pipes market. Different industries have unique requirements in terms of pipe performance, dimensions, and durability. Customization allows manufacturers to tailor composite pipes to meet specific needs, such as enhanced chemical resistance for the chemical processing industry, or higher strength-to-weight ratios for aerospace and automotive applications. This ability to provide bespoke solutions not only enhances customer satisfaction but also opens up new market segments and applications for composite pipes.
Advances in manufacturing technologies, such as computer-aided design (CAD) and automated production processes, have made it easier and more cost-effective to produce customized composite pipes. These technologies enable precise control over the composition and structure of the pipes, ensuring that they meet exact specifications and performance criteria. As industries continue to evolve and demand more specialized solutions, the capacity for customization will become a crucial competitive advantage for composite pipe manufacturers, driving innovation and expanding market opportunities.
Competitive Landscape Analysis
Key players in Global Composite Pipes Market include;
- Liao Ning Huayi Chemical
- Hebei Smart Chemicals Company (HSCC)
- Tengzhou Tenglong Chemical
- Fushimi Pharmaceutical
- San Fu
- Remi Fine
- Navyug Pharmachem
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Manufacturing Process
- Market Snapshot, By Region
- Global Composite Pipes Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing Industrial Applications
- Lightweight and Durable
- Corrosion Resistance Benefits
- Infrastructure Development Boost
- Restraints
- High Initial Costs
- Technical Skill Requirements
- Limited Awareness Globally
- Raw Material Price Volatility
- Opportunities
- Emerging Markets Expansion
- Technological Advancements Innovations
- Green Building Initiatives
- Customized Composite Solutions
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Composite Pipes Market, By Type, 2021 - 2031 (USD Million)
- 14mm
- 26mm
- 63mm
- Others
- Global Composite Pipes Market, By Manufacturing Process, 2021 - 2031 (USD Million)
- Filament wound
- Rotary Casting
- Global Composite Pipes Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Composite Pipes Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Liao Ning Huayi Chemical
- Hebei Smart Chemicals Company (HSCC)
- Tengzhou Tenglong Chemical
- Fushimi Pharmaceutical
- San Fu
- Remi Fine
- Navyug Pharmachem
- Company Profiles
- Analyst Views
- Future Outlook of the Market